Architectural Coatings Market Will Hit USD 94.43 Billion at a CAGR of 4.9% by 2026 | Reports and Data
September 23, 2022
Reports And Data
Architectural Coatings Market Is On The Rise, Due To Increasing Applications, Technological Advancements, & Growing Demand For Coatings That Makes Substance.
NEW YORK CITY, NEW YORK, UNITED STATES, September 23, 2022 /EINPresswire.com/ -- According to the current analysis of Reports and Data, the global Architectural Coatings Market was valued at USD 65.0 Billion in 2018 and is expected to reach USD 94.43 Billion by the year 2026, at a CAGR of 4.9 %. The architectural coatings market is on the rise, due to increasing applications, technological advancements, and the growing demand for coatings that makes substance, to which it is applied more durable, boost its weathering performance with dynamic mechanical properties, such as improved corrosion resistance and improved flexibility. Growth of construction industry, increase in investments for infrastructure maintenance, Increasing renovation and refurbishment activities, rise in the demand of high performing, eco-friendly and durable coating materials for construction components are the primary drivers of the architectural coatings market. The study covers architectural coatings which are utilized in the interior or exterior surfaces in residential or non-residential applications.
Rising constructional activities and infrastructural spending, growing demand for fireproofing and waterproofing materials in construction industries are escalating the need for architectural coatings in the China and other APAC countries like South Korea, Indonesia, Singapore, and India. In India especially growth is majorly due to the rising demand for architectural coatings from the furniture sector.
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Top Key Players: PPG Industries Inc., Akzo Nobel NV, The Sherwin-Williams Company, And Nippon Paint Holdings Co. Ltd, Kansai Paints Co., Ltd., Asian Paints Limited
Further Key Findings from The Report Suggest:
Architectural Coating Market Is Growing At A CAGR Of 1% In The Asia Pacific, Followed By North America And Europe, With 6.1 % And 6.0% CAGR, Respectively. Increased Constructional And Infra Spending Across The Globe Is The Key Factor To Accelerate The Market Growth During Forecast Period Across All Regions.
As Of 2018, Acrylic Is The Dominating Architectural Coatings Which Holds 31.4% Of The Global Market. Asia-Pacific Region’s Regional Market Is The Chief Revenue-Generating Source For This Product Segment, Followed By North America And Europe Region.
Ceramics Segment Is Expected To Be The Fastest-Growing Market Segment By Function Type During The Forecast Period 2019-2026 With A CAGR Of 6.0%. However, Associated Regulations And High Raw Material Cost Are Significant Challenges For The Market Growth Of This Market Segment.
Inks And Paints Segment (That Includes Ceramics, Lacquers, And Powder Coatings, Etc.) Was Valued At USD 38.9 Billion And Is Expected To Reach USD 56.9 Billion By 2026.
The Asia Pacific Region Is Accounted For 45.5% Of The Global Architectural Coatings Market. Courtesy Of Increased Applications Of Architectural Coatings, Rising Constructional And Renovation Activities In China, Increased Demand From The Furniture Market In India Are Boosting The Growth Of Architectural Coatings Market In The Region.
The Growth Rate Of The Architectural Coating Market Has Been Low Or Even Negligible In Some Regions. Associated Factors Related To Architectural Coatings Market That Are Hindering The Growth Of The Architectural Coatings Are Rising Raw Material Cost And Non-Lenient Environmental Regulations.
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By Resin Type (Revenue, USD Million) (Volume In Tons); 2016–2026)
Others (PTFE, PVDF, Etc.)
By Technology (Revenue, USD Million) (Volume In Tons); 2016–2026)
By Function Type (Revenue, USD Million) (Volume In Tons); 2016–2026)
End-Use (Revenue, USD Million) (Volume In Tons); 2016–2026)
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key Questions Covered In The Global Architectural Coatings Market Report:
What Is The Expected Market Size Of The Global Architectural Coatings Market During The Forecast Period?
What Factors Are Expected To Hamper Global Architectural Coatings Market Growth Over The Forecast Period?
What Key Factors Are Expected To Drive Global Revenue Growth Between 2021 And 2028?
Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
Which Leading Players Are Operating In The Global Architectural Coatings Market?
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